Personal Finance (US)
4 best secured cards for raising your score!
If your credit score needs a boost, you can get a secured card to help you build it! Read our post to find a list of the best secured cards for raising your score!
Find the best secured cards for raising your credit score!
If your credit score needs a boost, a secured credit card could be the answer. But with so many options available, how to find the best one? In this post, we’ll show you a list of the best secured cards for raising your score!
Secured credit cards are some of the most ideal options for those people who need to build or rebuild their credit history. And fortunately, there are a number of great secured cards available in the market.
Each one of these secured cards available has its own great benefits. So, we understand that it can be hard to find the best one for you. But we are here to help!
We can help you find the best credit card for your financial needs. Plus, you’ll know their fees and best perks so you can carefully choose the perfect card!
Best CreditSoup Credit cards
Learn the best CreditSoup Credit cards selected by the platform and choose which fits your needs better while working on your credit score.
Therefore, in this post, we’ll give you some information about secured credit cards and how they work. Also, you’ll know some tips to help you use your secured card better and raise your score over time! So, read on!
What are secured cards?
If you are just starting out in the credit world or need to repair your credit history, secured credit cards are an excellent method to establish your credit history.
Unlike regular credit cards, secured cards require a security deposit, which typically equals your credit limit. This protects the card issuer in case you don’t pay your bill.
But don’t let that scare you – secured cards are still a good option for buying things online or renting cars, and they can help you improve your credit score over time.
However, you need to keep in mind that you need to make all your monthly payments on time. This way, you’ll be able to get good bill payments sent to all the major credit bureaus.
If you don’t use your secured card correctly, you may not be able to raise your credit score any time soon.
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Tips for using your secured card
As we mentioned, you need to use your secured card correctly to increase your score over time. So, here are some simple tips for you!
- Make all your card bill payments on time;
- Use a small percentage of your credit limit;
- Pay all your monthly bill on time;
- Don’t get a secured card with fees you can’t pay for;
- Make sure you read all the terms and conditions of the card before you apply.
Find the 4 best secured cards for raising your score!
Now that you’ve learned more about how secured credit cards work, we can show you our list of the 4 best secured cards for you to use it correctly and build credit! So, read our list below and find your perfect card!
Discover it® Secured Credit Card
With the Discover it® Secured Credit Card, you can earn an incredible welcome bonus of a cash back match. Plus, you can get up to 2% cash back in rewards valid for eligible purchase categories.
Also, you can get all of these features and perks for no annual fee. And you don’t need a high score to apply!
Credit Score | Fair score. |
Annual Fee | No annual fee. |
Regular APR | 24.49% variable APR for purchases. |
Welcome bonus* | Earn 2x cash back on a dollar-for-dollar match of the cash back you’ve earned at the end of your first year. *Terms apply. |
Rewards* | 2% cash back for purchases made at gas stations and restaurants (valid for up to $1,000 in combined purchases each quarter); Unlimited 1% cash back on every other purchase you make with your card. *Terms apply. |
If you love the Discover it® Secured Credit Card’s features, check out our post below to learn how to apply!
How to apply for the Discover it® Secured Card?
Are you looking for a credit card with benefits and you have low credit score? The Discover It Secured can be a good choice for you! Keep reading to know how to apply!
Petal® 1 “No Annual Fee” Visa® Credit Card
With this Petal® 1 credit card, you can get 2% to 10% cash back for qualifying purchases made with the card. Plus, there are no foreign transaction fees. And there is no annual fee!
Credit Score | Limited score. |
Annual Fee | No annual fee. |
Regular APR* | 22.24% to 31.74% variable APR. *Terms apply. |
Welcome bonus | N/A. |
Rewards* | 2% to 10% cash back at eligible merchants. *Terms apply. |
If this Petal® 1 credit card is everything you are looking for in a credit card, read our post below to learn all about how to apply!
How to apply for Petal® 1 “No Annual Fee” Visa®?
Petal® 1 "No Annual Fee" Visa® Credit Card gives you cash back at select merchants with no annual fee. And it can help you build a credit score with responsible use!
Chime Credit Builder Visa® Credit Card
With the Chime Credit Builder Visa® Credit Card, you can get many perks for no annual fee. Plus, you don’t need to worry about your score because there is no credit check to apply!
Credit Score | There is no credit check to apply. |
Annual Fee | No annual fee. |
Regular APR | N/A. |
Welcome bonus | N/A. |
Rewards | Build your credit! |
If you want to start building credit right now with the Chime Credit Builder Visa® Credit Card, check out our post below to learn how to apply for it!
How to apply for the Chime® Credit Builder card?
The Chime® Credit Builder card application process is fast and straightforward. You don’t need a credit history or a minimum deposit to apply for it. Check it out!
OpenSky® Secured Visa® Credit Card
You can use the OpenSky® Secured Visa® Credit Card to build your credit score. Plus, you don’t need to worry about impacting your score during the application process because there is no credit check!
Also, you can complete the application process in less than five minutes. Plus, you’ll be able to set your credit line!
Credit Score | Fair score. |
Annual Fee | N/A. |
Regular APR | 20.39% (variable) on purchases 20.39% (variable) on cash advances |
Welcome bonus | N/A. |
Rewards | You can get content to learn how to build your credit and better use your credit card! |
If you think that the OpenSky® Secured Visa® Credit Card is the one for you to build your credit with, read our post below to learn all about the application process to get this card!
How to apply for the OpenSky® Secured Visa® Card?
The OpenSky® Secured Visa® Credit Card is a great option for people who don’t have a good credit score or a credit score at all. So, keep reading to know how to apply!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Senior Editor
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